Rice Hall James & Associates LLC Increases Stake in Plumas Bancorp $PLBC

Rice Hall James & Associates LLC increased its stake in Plumas Bancorp (NASDAQ:PLBC) by 32.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 37,141 shares of the financial services provider’s stock after buying an additional 9,145 shares during the period. Rice Hall James & Associates LLC owned 0.53% of Plumas Bancorp worth $1,660,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in the stock. Vanguard Group Inc. increased its stake in Plumas Bancorp by 5.2% in the 3rd quarter. Vanguard Group Inc. now owns 306,458 shares of the financial services provider’s stock worth $13,221,000 after buying an additional 15,080 shares during the period. Siena Capital Partners GP LLC increased its stake in Plumas Bancorp by 30.5% in the 3rd quarter. Siena Capital Partners GP LLC now owns 286,752 shares of the financial services provider’s stock worth $12,370,000 after buying an additional 66,950 shares during the period. De Lisle Partners LLP increased its stake in Plumas Bancorp by 6.4% in the 4th quarter. De Lisle Partners LLP now owns 213,186 shares of the financial services provider’s stock worth $9,519,000 after buying an additional 12,831 shares during the period. The Manufacturers Life Insurance Company increased its stake in Plumas Bancorp by 3.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 180,291 shares of the financial services provider’s stock worth $8,016,000 after buying an additional 6,637 shares during the period. Finally, Geode Capital Management LLC increased its stake in Plumas Bancorp by 6.9% in the 4th quarter. Geode Capital Management LLC now owns 151,555 shares of the financial services provider’s stock worth $6,775,000 after buying an additional 9,764 shares during the period. Hedge funds and other institutional investors own 41.68% of the company’s stock.

Plumas Bancorp Trading Up 0.8%

NASDAQ PLBC opened at $55.48 on Wednesday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $386.58 million, a price-to-earnings ratio of 11.75 and a beta of 0.62. The company’s 50-day simple moving average is $52.41 and its two-hundred day simple moving average is $49.59. Plumas Bancorp has a one year low of $39.70 and a one year high of $57.51.

Plumas Bancorp (NASDAQ:PLBC) last posted its earnings results on Wednesday, April 15th. The financial services provider reported $1.38 EPS for the quarter, beating analysts’ consensus estimates of $1.31 by $0.07. The business had revenue of $28.14 million for the quarter, compared to the consensus estimate of $27.24 million. Plumas Bancorp had a net margin of 26.67% and a return on equity of 15.16%. Equities analysts forecast that Plumas Bancorp will post 5.64 EPS for the current fiscal year.

Plumas Bancorp Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, May 15th. Shareholders of record on Friday, May 1st were given a dividend of $0.33 per share. The ex-dividend date of this dividend was Friday, May 1st. This represents a $1.32 dividend on an annualized basis and a yield of 2.4%. Plumas Bancorp’s dividend payout ratio (DPR) is 27.97%.

Wall Street Analysts Forecast Growth

Several research firms recently commented on PLBC. Stephens raised their price target on shares of Plumas Bancorp from $57.00 to $60.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Plumas Bancorp in a research note on Monday, April 27th. Piper Sandler raised their price target on shares of Plumas Bancorp from $59.00 to $63.00 and gave the stock an “overweight” rating in a research note on Thursday, April 16th. Finally, Wall Street Zen raised shares of Plumas Bancorp from a “hold” rating to a “buy” rating in a research note on Saturday, May 9th. Four analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $57.67.

About Plumas Bancorp

Plumas Bancorp (NASDAQ:PLBC) is a bank holding company headquartered in Quincy, California, and the parent of Plumas Bank. The company focuses on community banking, delivering personalized financial solutions to individuals, families, small businesses and agricultural clients. Through its subsidiary, Plumas Bank offers a comprehensive range of deposit and lending products designed to meet the unique needs of customers in Northern California’s rural and semi-rural markets.

Plumas Bank’s product lineup includes checking and savings accounts, money market funds and certificates of deposit, alongside a variety of consumer lending options such as residential mortgages, home equity lines of credit and installment loans.